Key US inflation measure falls for third straight month

FT/Pan Kwan Yuk/05-30-17

A key measure of US inflation fell for a third straight month in April, easing pressure on the Federal Reserve to step up the pace of interest rate rises beyond the three it has penned in for this year.

The core personal consumption expenditures price index (PCE), eased to a year-on-year pace of 1.5 per cent last month, compared to the 1.6 per cent rate it was at in March, according to data released Tuesday morning by the Commerce Department.

PG View: I’m not sure if this is enough to give the Fed pause…but it probably should…

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